Roth Recharacterization rule
Recently, I read the following announcement: IRS updates Roth recharacterization rule.
In December, I wrote a post (link below) about a significant change to the rules for recharacterizing Roth IRAs conversions. The change basically took away the option.
After researching the IRS update (and since I wrote about it), I wanted to bring this to your attention.
Click the play button below to watch my short video on the update and how it might affect you (hint: if you converted to Roth IRAs at any time in 2-17, this is especially important).
A Major Change is Coming to Roth IRAs (original article)